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What is Maha Jantar Index?
Maha Jantar Index is the newest security launched by Olymp Trade for Indian traders. This security is a religion-specific asset for India. This Index is based on the rates of the most popular assets in the country and is highly volatile. Therefore, In this article, I will use fast indicators like EMA and Stochastic.
How to find and set the Maha Jantar Index on Olymp Trade
As I said above this currency is highly volatile therefore, you should use at least 15 minutes chart. Firstly, log in to your Olymp Trade account and click on the currency list.
Next, click on the indicator list and select Stochastic and EMA from the menu. Make sure to set the EMA timer to 10. You can also change the colour of the indicators if you don’t like them.
How to use the combination of Stochastic and EMA at Olymp Trade
If you know the basics of the indicator. You can trade easily via the same. In Stochastic, You must know the concept of the overbought and oversold zone. when the Stochastic line is below 30 it says that the market is bullish and vice versa, when the Stochastic line is above 70 it says that the market is bearish.
When to open sell position
- In Ema, when the price intersects the EMA line and stays above the same it signals a bearish trend.
- Similarly, In Stochastic when the price is above 70, it signals bearish domination and here we can place a sell trade.
When to open buy position
- In Ema, when the price intersects the indicator and stays above the price it represents a bullish trend.
- Similarly, In Stochastic, when the line is near or below 30 it represents a bullish trend and here we can place a buy trade.
Trading with the combination of Stochastic and EMA is very easy. You can easily get high-quality signals using these two. However, I highly suggest you to get started with Maha Jantar Index on the Olymp Trade demo account. In the Olymp Trade demo account, you will get $10, 000 virtual currency. So, click here to get started and do contact in case you are facing any issues. I will try to help you as soon as possible.